智通财经网·2025-11-26 02:45Core Viewpoint - Vitasoy International (00345) reported a decline in revenue and gross profit for the six months ending September 30, 2025, primarily due to weak market conditions in mainland China, leading to a nearly 3% drop in stock price, reaching a new low since October last year [1] Financial Performance - Revenue for the period was HKD 3.227 billion, a decrease of 6% year-on-year [1] - Gross profit amounted to HKD 1.648 billion, down 7% compared to the previous year [1] - Profit attributable to equity holders was HKD 172 million, reflecting a 1% increase year-on-year [1] Market Dynamics - The decline in revenue is attributed to the slowdown in the plant-based milk and tea product categories in mainland China, with consumers shifting from traditional retail channels to various online platforms, including social media and instant e-commerce platforms [1] - The traditional retail channels, which represent a significant portion of the company's business, are experiencing a slowdown, while growth in e-commerce platforms and chain snack stores has not fully offset this impact, resulting in an overall revenue decrease of 9% [1]